Assistant Finance Manager

CARiNG Pharmacy; Klang City; On-site; MYR 70,000 - 90,000; Full time

Job summary

A retail pharmacy business in Klang City seeks an Assistant Finance Manager to support financial operations. Responsibilities include month-end closing, tax compliance, and providing financial insights for store operations. Applicants should have a degree in Accounting or Finance, 5-7 years of experience in accounting, and strong knowledge of internal controls and tax regulations. Strong analytical and communication skills are essential. This role offers a chance to work in a dynamic retail environment.

Qualifications

• Minimum 5–7 years’ experience in accounting, preferably in retail, FMCG, pharmacy.
• Strong knowledge of MFRS, tax regulations, and internal controls.
• Hands-on experience with ERP systems and retail POS integration.

Responsibilities

• Lead month-end and year-end closing for retail pharmacy entities.
• Review and approve journals, accruals, provisions, and reconciliations.
• Ensure compliance with direct and indirect tax obligations.

Skills

Analytical skills

Communication skills

Attention to detail

Education

Degree in Accounting/Finance

Professional qualification (ACCA/CPA/MICPA)

Tools

ERP systems

Retail POS

Job description

The Assistant Finance Manager supports the Finance Manager in overseeing financial reporting, general ledger management, tax compliance, and internal controls for the retail pharmacy business. The role ensures accurate and timely month‑end closing, compliance with accounting standards, and provides financial insights to support store operations, merchandising, and supply chain teams.

Responsibilities

• Lead month‑end and year‑end closing for retail pharmacy entities, ensuring accuracy of store‑level financials.
• Review and approve journals, accruals, provisions, and balance sheet reconciliations.
• Monitor inventory movements, shrinkage, stock adjustments, and cost of sales.
• Ensure proper recording of store promotions, supplier rebates, and commercial arrangements.
• Prepare management reports, KPIs, and variance analysis for operational teams.

Budgeting & Forecasting

• Assist in preparing annual budgets and rolling forecasts, particularly store profitability and category contribution.
• Analyse trends in sales, GP margin, shrinkage, and operating expenses.
• Provide financial insights to support new store openings and store performance evaluation.

Tax & Compliance

• Ensure compliance with direct and indirect tax obligations (corporate tax, SST, withholding tax).
• Liaise with tax agents on filings, queries, and tax estimates. Review SST treatment for retail sales, promotional funding, and intercompany charges.
• Support statutory audit, internal audit, and regulatory reporting requirements.

Internal Controls & Process

• Enhancement Strengthen internal controls across stores, warehouses, and finance processes.
• Oversee cash management controls, daily store cash reconciliation, and variance follow‑up.
• Work with Operations and IT to improve POS‑to‑GL integration and accuracy.
• Identify process gaps and propose automation or system enhancements (POS, ERP, inventory modules).

Business Partnering

• Work closely with Retail Operations, Merchandising, Supply Chain, and HR on finance‑related matters.
• Support commercial teams in evaluating supplier deals, rebates, and pricing impacts.
• Provide financial guidance for promotions, loyalty programmes, and store investments.
• Supervise GL and reporting team members; provide guidance and training.
• Review team outputs to ensure accuracy, timeliness, and compliance with SOPs.
• Support change management initiatives during system upgrades or process improvements.

Qualifications

• Degree in Accounting/Finance or equivalent; professional qualification (ACCA/CPA/MICPA) is an advantage.
• Minimum 5–7 years’ experience in accounting, preferably in retail, FMCG, pharmacy, or multi‑outlet businesses.
• Strong knowledge of MFRS, tax regulations, and internal controls.
• Hands‑on experience with ERP systems and retail POS integration. Strong analytical skills, attention to detail, and ability to work in a fast‑paced retail environment.
• Good communication skills and ability to work cross‑functionally.